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WEBMiningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its …
UBS says gold to break through $3,000/oz in 2025 - Miningmx
WEB19 hours ago · THE gold price would rally towards $2,800 per ounce and break through $3,000 next year as central banks led by the US Federal Reserve embraced monetary policy easing, said UBS, the Swiss bank.. A weaker dollar would also give gold a tailwind while lingering geopolitical factors meant there were limited sellers of the yellow metal. “We expect there to be ample room for gold allocations to ...
Tharisa capitalises on chrome with record 2024 production
WEB23 hours ago · It helped Tharisa to increase net cash $108.7m as of end-September compared to net cash of $92.2m end-June. In contrast PGMs averaged $1,363/oz for the 2024 financial year compared to $1,893/oz last year, although prices began to trend up slightly in the last quarter. Production for the year was 145,000 oz. Both chrome and PGM production was in ...
Zinc heading for significant supply deficit for 2024 - Miningmx
WEB22 hours ago · October 10, 2024. THE zinc market is heading for a much greater supply deficit than previously forecast owing to a squeeze on raw materials, said Reuters on Thursday. Citing data from the International Lead and Zinc Study Group, the newswire said a 164,000 ton deficit would materialise in the zinc …
For many in the US, battery electric vehicles don’t add up
WEB1 day ago · Volvo recently backtracked on its commitment to be all-electric by 2030. Ford abandoned plans to make a large, fully electric SUV, opting for hybrid power. Hyundai is doubling its range of hybrids from seven to 14 models, according to a report by The Economist. Citing Bernstein, the New York bank, the magazine said sales of …
Paladin bid for Fission in limbo as Canada probes deal
WEB1 day ago · PALADIN Energy said on Wednesday it was still waiting on regulatory approval for its proposed C$1.1bn takeover of Canada’s Fission Uranium Corp.. This was despite Fission Uranium receiving on October 8 a final order from the Supreme Court of British Columbia approving the arrangement in which Paladin has offered 0.1076 shares for each of Fission’s shares.
Big league investors back new approach to mining - Miningmx
WEB2 days ago · A REPORT by some of the world’s largest investors have urged a more hands-on approach to investing in mining companies by pushing for better environmental practices and broadening the scope of concern to industries reliant on minerals. Bloomberg News said asset managers representing more than $15 trillion in investment, and including ...
Global miners facing 80% haircut in 2023/24 - Miningmx
WEBJune 25, 2024. NET profits earned by the world’s 40 biggest miners plunged by 44% in 2023 compared with 2022 and are expected to drop by another 36% in 2024 on a combination of lower commodity prices and above-average inflation, PwC said in its annual Mine 2024 report. It said total revenues of the world’s top 40 mining companies fell by 7% ...
The Mining Yearbook 2023 - Miningmx
WEBThe 2023 Mining Yearbook. Read on issuu. Miningmx is proud to present the online version of its Mining Yearbook 2023. Here are some highlights to look out for: The impact of artificial intelligence on society has caught the popular imagination, especially its perils. In mining however the benefits are nearly all good. Ed Stoddard investigates.
The Mining Yearbook 2020 - Miningmx
WEBThe Mining Yearbook 2020. The COVID-19 pandemic is accelerating change in the world’s mining sector and adding previously unanticipated dynamics. We speak to the industry’s top CEOs on how 2020 has changed the shape of their industries forever. We ask whether Eskom CEO Andre de Ruyter can make his long-term plans to overhaul Eskom stick?